tiprankstipranks
RBNK ETF Update, 10/21/2024  
Market News

RBNK ETF Update, 10/21/2024  

Story Highlights

Here’s a quick look at RBC Canadian Bank Yield Index ETF’s performance.

How is RBNK stock faring? The RBC Canadian Bank Yield Index ETF is up 13.4% in the past three months and has risen about 43.6% over the past year. 

Don't Miss Our Christmas Offers:

According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, RBNK is a Moderate Buy. The Street’s average price target of C$26.73 implies a downside of about 2.81%. 

Currently, RBNK’s holdings with the highest upside potential is Toronto Dominion Bank (TSE:TD).

Meanwhile, its five holdings with the greatest downside potential are Bank of Montreal (TSE:BMO), Bank of Nova Scotia (TSE:BNS), Canadian Imperial Bank of Commerce (TSE:CM), National Bank of Canada (TSE:NA), and Royal Bank of Canada (TSE:RY).

Revealingly, RBNK’s ETF Smart Score is seven, implying that this ETF is likely to perform in line with the market. 

Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.    

Disclosure 

Related Articles
TipRanks Canadian Auto-Generated NewsdeskNational Bank of Canada Acquires Canadian Western Bank
TheFlyNational Bank of Canada price target raised to C$134 from C$116 at RBC Capital
TipRanks Auto-Generated NewsdeskNational Bank of Canada Reports Strong Q4 2024 Earnings
Go Ad-Free with Our App